How Eurozone Breakup Would Affect Corporate Bonds

Law360, New York (January 25, 2012, 3:27 PM EST) -- The recent sovereign debt crisis that erupted in Greece and other European countries has roiled world markets and forced many to contemplate what was unthinkable only months ago — the possibility of one or more eurozone members leaving the Economic and Monetary Union (EMU or eurozone) or even a total breakup of the currency union.

Although members of the eurozone have taken actions to stabilize their monetary union, considerable questions remain about its future. While many commentators still believe the scenario of a limited or a...
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